Blockchain Association Calls to Scrap Old SEC Trading Rules

The Blockchain Association is urging the SEC to drop a set of trading rules that date back to 2005. The group argues that these regulations, known as NMS rules, have failed to reach their original goals and now act as a barrier to new financial technology.

At the core of the argument is the potential for tokenization. The industry believes that current requirements are incompatible with modern blockchain platforms. By removing these older mandates, the association hopes to provide a clearer path for digital assets to function efficiently within the broader financial system.

This push for regulatory reform highlights a growing frustration with rules designed long before the rise of crypto. Investors and developers are watching closely to see if the SEC will prioritize modernization. If these outdated policies are removed, it could clear the way for more institutional adoption of blockchain based trading tools.